Electra Mining Enters Agreement with Sunshine Mining to Purchase Conventional Cyanide Mill.VANCOUVER, British Columbia--(BUSINESS WIRE)--June 4, 1996--Clairvest Group (VSE See DOS/VSE. VSE - Virtual Storage Extended :ELC ELC Early Learning Centre (UK) ELC Environmental Law Centre (Canada) ELC Environmental Learning Center (Vero Beach, FL) ELC Education Law Center ELC Early Learning Coalition ) Electra Mining Consolidated Ltd. announces that its US subsidiary Electra Mining Corporation has entered into an agreement with Sunshine Mining Precious Metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. , Inc., to purchase a conventional cyanide mill currently located approximately 100 miles south of Aurora. The mill has been inspected in detail by Electra's team at Aurora and has the capacity to process approximately 1,500 tons per day. The option requires the payment of $20,000 per month for 3 months and $25,000 for a fourth month at the end of which Electra expects to complete the purchase of US $1.5 million. The milling facility will be used to process newly developed open pit reserves in conjunction with the reprocessing Reprocessing may refer to:
A final Feasibility Study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. is expected to be completed by mid June. On behalf of the Board of Directors Douglas B. Stelling President The information contained herein has neither been approved nor disapproved by regulatory authorities. CONTACT: Electra Mining Consolidated Ltd. Douglas B. Stelling, 604/685-4747 604/685-4730 (Fax) |
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